Member Info for Strider4

at this price, with the upcoming newsflow and with plenty of cash in the bank from the raise at 16p a few months ago.

How are options dealt with in the event of a sale of Cascabel or takeover? Surely the employees have to cough up to realize their value?

My drop in the ocean vote will be going against granting yet more options to the directors. This is a sizable chunk of options dished out to the employees - I'm not sure that I like it. They have, no doubt a decent salary, and other incentives and now Mather is dishing out rewards at the shareholders' expense (no skin off his back).

BHP likes to"smart buy" - 45p was therefore a "smart buy". Bring on 50p plus before Christmas.

appearing to be a bit late - who cares. He said 3 weeks, it's taking a bit longer. Why waste your time reading anything into it. It's not like hole 64 is an all or nothing drill hole. It's certainly one of interest, but nothing more.

This is a "growth" share and it's the sort that you can throw serious amounts of cash at, looking for in the region of 3-5+ bags in the next 2-3 years, which is an exceptional rate of return.

It is no longer the piddler share that is used to be, with all the associated risks, into which you would have to be extremely brave or niave to put in more than say £20k.

"Think folks need to realise that this is no longer a little piddly tiddler who's share price is gonna fly off to the moon on the slightest whiff of news.........aint gonna happen.......rather (We hope if everything lines up as we wish) we get some strong trending SP appreciation!"

Couldn't agree more.

It continues! This reminds me of the rise from 100p to 150p at the start of the year. I didn't participate in that, as I haven't in this, for the simple reason that the funding question was unresolved. It still is!

And yet here the price is almost 100% up from the lows. Anyone but a trader has a high risk of getting burnt now.

Looks like you've taken me off filter then :)

Yes, we know that BHP like a bargain, based on their 2016 efforts. They got well outbid by Newcrest and was it Maxwell? So now a couple of years on, with the project that much further advanced (derisked), their "bargain" price now appears to be upped to 45p - quite something.

D220 - ah very good. Let's call it misleading at best then. I, and no doubt, most of the other PIs will have read it as no placing required until then. No doubt that was the intention...if I remember correctly it was on the basis of that RNS that we saw the next leg up in share price. PIs were duped.

£45mil is next year's explo and studies budget, similar to this year. He only raised £45mil as he wanted to limit BHP's stake, just as he has Newcrest's (who wasn't allowed to participate, beyond maitaining their percentage, in last year's 25p fundraise). Also, he only wants to raise as much money as is required at this stage, because as the projects and companies get ever more valuable, future equity raises will be a higher and higher prices. All this is very positive stuff.

Is it not actually quite likely that the resource will be more than doubled? The reason being that NM has come out several months before and stated the doubling. There will be egg in his face if it isn't - therefore he would have to be pretty sure it was going to happen to come out with that statement 3 months ahead of time with drilling still ongoing. Actually I would only do that if I were confident it was going to beat that target, allowing for some uncertainty.

This should go wild if he can hit 2.5 times or more.

The doubling of the MRE is only partly priced in, with a good part still to come. Yes the market expects delivery now, but there is always uncertainty and when/if the doubling is confirmed in an RNS that derisks the project. The doubling is a BIG deal as it materially affects the economics.

The thing that makes the SOLG story most exciting at the moment however, in my opinion, are the recent aggressive moves by BHP. Who knows if/when the next move will be made: after MRE2, after the PEA or further down the line? They were in a hurry to pick up 10%...are they in a hurry for more?

Nevermind the fact that they said only a few weeks ago that they wouldn't need additional moeny until Q1 2019...

This looks like a get some money in now in case the TS results aren't great. If you were super confident, you would wait for the results and tap the market at 20p for a large sum.

TheItalian, perhaps that's because SOLG is doing rather better than the aforementioned!

GV, where does the 23.04Mt cueq scenario come from?

That is indeed excellent news. I see political risk as the only significant one remaining here, given that it is in Latin America. However, a long term statement of intent, soon to be made policy, is re-assuring indeed. NM clearly understands this and has from the start made gov. relations and community engagement a top priority.

GV, as you may have seen I don't mind hearing, and being on, the opposite side of the story. If the bears want to come in now and state considered reasons why I'm being way off the mark, then I'm happy to hear it.

As Padmaster said, the bears are quiet currently, and for good reason. We are entering a news rich period into the Christmas rally, fully funded and with the recent endorsement of a second major.

But then again, if they can double Alpala again next year, all bets are off. The economies of scale will be off the scale.

I'm looking forward to getting the PEA numbers, because from what NM has said the CAPEX for Alpala is gong to be at the lower end of the scale. A lower CAPEX will result in a hugely improved NAV.